Big Data and Analytics in Insurance

Risk and profit are the twin watchwords for all in insurance. The ability to seek out opportunities while meeting the regulatory and compliance needs of the industry – as well as the insurance coverage, privacy and security needs of the customer – is what marks out the forward thinking organisation from the rest.

Increasingly opportunity depends on understanding intelligence better than your rivals. Analysing existing and new industry data, at high velocity and across multiple streams promises competitive advantage, improves combined ratios and insulates against market shocks. While several organizations have started on the journey to analytics using technologies like Hadoop, data and use cases are still siloed within the business, and IT has a series of “data ponds” which are difficult to govern and operate as information grows.

At this CBR Dining Club event, our partners for the evening, Hortonworks and EMC, will make the case for elastic Big Data analytics, how do you manage a big data technology ecosystem that is secure, governed, and easy to operate while providing the analytical flexibility to the business and achieving business outcomes.

The evening will be your chance to hear from two experts in analytics and the Insurance industry while also sharing insights with fellow senior IT executives – all in the breathtaking surroundings of The Savoy Hotel. We will present use cases from within the big data ecosystem, ranging from customer loyalty, compliance, risk management, fraud detection and digital transformation. Mark Sear, CTO of Big Data at EMC, will discuss disruptive change within insurance and the implications for IT departments. Cindy Maike, GM, Insurance at Hortonworks will share her experiences and best practices in working with leading financial institutions across these areas.